Cardano, the blockchain platform powered by the native cryptocurrency ADA, has recently made remarkable progress in terms of development activity, surpassing Ethereum.
Cardano Overtakes Ethereum by Development Activity
This information comes from Santiment, a leading provider of cryptocurrency analytics and market data.
According to data from Santiment, Cardano has surpassed Ethereum in this respect, with significant progress and an increase in development activities. Development activity is an important indicator of the growth of a blockchain project and the commitment of the development team.
Increased development activity on the Cardano platform means continued improvements, updates and implementation of new features. This momentum demonstrates the Cardano team's commitment and progress in developing the blockchain ecosystem and expanding their capabilities.
Cardano's development-oriented approach is based on a commitment to build a secure, scalable and sustainable blockchain platform.
By prioritizing research and scientific rigor, Cardano aims to provide a solid infrastructure that can host a wide variety of decentralized applications (dApps) and foster innovation in the crypto space.
Cardano's development update for the week of May 26 shows progress on multiple fronts. The core technology team focused on node, network and ledger developments.
Wallet services have seen the introduction of multi-address wallet transfer to the Lace wallet, and the team has also laid the groundwork for multi-delegation UI components. On the smart contract front, the Plutus and Marlowe teams have been busy improving the tools and implementing the features.
The native cryptocurrency of the platform, ADA, has also gained considerable attention and popularity among investors and enthusiasts. Cardano's success can be attributed to its unique features, such as the proof-of-stake consensus algorithm, which ensures energy efficiency and network security while enabling ADA holders to participate in the governance of the platform.
*Not investment advice.
